Title 7

NRS 78.640 Property and privileges of insolvent corporation vest in appointed receiver. All real and personal property of an insolvent corporation, wheresoever situated, and all its franchises, rights, privileges and effects shall, upon the appointment of a receiver, forthwith ve…

NRS 78.645 Corporation may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving corporation and forfeiting charter. 1. Whenever a receiver shall have been appointed as provided in NRS 78.635 and it shall afterwards appear that…

NRS 78.650 Stockholders’ application for injunction and appointment of receiver when corporation mismanaged. 1. Any holder or holders of one-tenth of the issued and outstanding stock may apply to the district court in the county in which the corporation has its principal place of…

NRS 78.655 Reorganization of corporation by majority of stockholders during receivership. Whenever stockholders holding stock entitling them to exercise at least a majority of the voting power of the corporation shall have agreed upon a plan for the reorganization of the corporat…

NRS 78.660 Powers of district court. 1. The court shall have power to send for persons and papers and to examine any persons, including the creditors and claimants, and the president, directors and other officers and agents of the corporation, on oath or affirmation, respecting i…

NRS 78.665 Receiver to take possession of corporate assets upon court order. The receiver, upon order of the court, with the assistance of a peace officer, may break open, in the daytime, the houses, shops, warehouses, doors, trunks, chests or other places of the corporation wher…

NRS 78.670 Inventory, list of debts and reports by receiver. The receiver, as soon as convenient, shall lay before the district court a full and complete inventory of all the estate, property and effects of the corporation, its nature and probable value, and an account of all deb…

NRS 78.675 Creditors’ proofs of claims; when participation barred; notice. All creditors shall present and make proof to the receiver of their respective claims against the corporation within 6 months from the date of appointment of the receiver or trustee for the corporation, or…

NRS 78.680 Creditors’ claims to be in writing under oath; examination of claimants. Every claim against any corporation for which a receiver has been appointed shall be presented to the receiver in writing and upon oath. The claimant, if required, shall submit to such examination…

NRS 78.685 Action on creditors’ claims; appeal of disallowed claims. 1. The clerk of the district court, immediately upon the expiration of the time fixed for the filing of claims, shall notify the trustee or receiver of the filing of the claims. The trustee or receiver shall ins…

NRS 78.695 Substitution of receiver as party; abatement of actions. 1. A receiver, upon application by him or her, shall be substituted as party plaintiff or complainant in the place and stead of the corporation in any suit or proceeding at law or in equity which was pending at t…

NRS 78.700 Sales of encumbered or deteriorating property. Where property of an insolvent corporation is at the time of the appointment of a receiver encumbered with mortgages or other liens, the legality of which is brought in question, or the property is of a character which wil…

NRS 78.705 Compensation, costs and expenses of receiver. Before distribution of the assets of an insolvent corporation among the creditors or stockholders, the district court shall allow a reasonable compensation to the receiver for his or her services and the costs and expenses …

NRS 78.710 Distribution of money to creditors and stockholders. After payment of all allowances, expenses and costs, and the satisfaction of all special and general liens upon the funds of the corporation to the extent of their lawful priority, the creditors shall be paid proport…

NRS 78.715 Acts of majority of receivers effectual; removal and vacancies. 1. Every matter and thing by this chapter required to be done by receivers or trustees shall be good and effectual, to all intents and purposes, if performed by a majority of them. 2. The district court ma…

NRS 78.720 Employees’ liens for wages when corporation insolvent. 1. Whenever any corporation becomes insolvent or is dissolved in any way or for any cause, the employees doing labor or service, of whatever character, in the regular employ of the corporation, have a lien upon the…

NRS 78.725 Domestic corporations in existence on April 1, 1925, may reincorporate under this chapter. 1. Any corporation organized and existing under the laws of this State on April 1, 1925, may reincorporate under this chapter, either under the same or a different name, by: (a) …

NRS 78.730 Renewal or revival: Procedure; fee; certificate as evidence. 1. Except as otherwise provided in NRS 78.152, any corporation which did exist or is existing under the laws of this State may, upon complying with the provisions of NRS 78.180, procure a renewal or revival o…

NRS 78.740 Renewal or revival: Status of corporation. 1. Any corporation existing on or incorporated after April 1, 1925, desiring to renew or revive its corporate existence, upon complying with the provisions of this chapter, is and continues for the time stated in its certifica…

NRS 78.745 Action against stockholder for unpaid subscriptions; limitation of action. No action shall be brought by the corporation against any stockholder for any unpaid subscription unless within 2 years after the debt becomes due, and no action shall be brought against the sto…

NRS 78.746 Action against stockholder by judgment creditor; limitations. 1. On application to a court of competent jurisdiction by any judgment creditor of a stockholder, the court may charge the stockholder’s stock with payment of the unsatisfied amount of the judgment with inte…

NRS 78.747 Liability of another person for debt or liability of corporation. 1. Except as otherwise specifically provided by statute or agreement, no person other than a corporation is individually liable for a debt or liability of the corporation unless the person acts as the al…

NRS 78.750 Service of process on corporations. 1. In any action commenced against any corporation in any court of this State, service of process may be made in the manner provided by law and rule of court for the service of civil process. 2. Service of process on a corporation wh…

NRS 78.7502 Discretionary indemnification of directors, officers, employees and agents: General provisions. 1. A corporation may indemnify pursuant to this subsection any person who was or is a party or is threatened to be made a party to any threatened, pending or completed acti…

NRS 78.751 Mandatory indemnification of directors, officers, employees and agents; advancement of expenses; other rights to indemnification and advancement of expenses; primary obligor with respect to indemnification or advancement of expenses; effect of amendment to provision of…

NRS 78.752 Insurance and other financial arrangements against liability of directors, officers, employees and agents. 1. A corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or a…

NRS 78.755 Duties: Collection of fees; employment of new technology to aid in performance. 1. The Secretary of State, for services relating to official duties and the records of the Office of the Secretary of State, shall charge and collect the fees designated in NRS 78.760 to 78…

NRS 78.760 Filing fees: Articles of incorporation. 1. The fee for filing articles of incorporation is prescribed in the following schedule: If the amount represented by the total number of shares provided for in the articles is: $75,000 or less....................................…

NRS 78.765 Filing fees: Certificate changing number of authorized shares; certificate of amendment to articles; certificate of correction; certificate of designation; certificate of termination; certificate of withdrawal. 1. The fee for filing a certificate changing the number of…

NRS 78.767 Filing fees: Certificates of restated articles of incorporation. 1. The fee for filing a certificate of restated articles of incorporation that does not increase the corporation’s authorized stock is $175. 2. The fee for filing a certificate of restated articles of inc…

NRS 78.780 Filing fee: Articles of dissolution. The fee for filing articles of dissolution, whether it occurs before or after payment of capital and beginning of business, is $100. [Part 1:52:1933; A 1949, 363; 1951, 393]—(NRS A 1981, 1890; 1989, 979; 1993, 979; 2001, 3178; 2003,…

NRS 78.785 Miscellaneous fees. 1. The fee for certifying a copy of articles of incorporation is $30. 2. The fee for certifying a copy of an amendment to articles of incorporation, or to a copy of the articles as amended, is $30. 3. The fee for certifying an authorized printed cop…